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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2019
Property Plant And Equipment [Abstract] |
Property and Equipment, Net |
6. | PROPERTY AND EQUIPMENT, NET
Property and equipment consisted of the following:
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |
Leasehold and buildings improvements |  |  | 91,265 |  |  |  | 106,377 |
Electronic and office equipment |  |  | 29,936 |  |  |  | 35,049 |
Buildings (1) |  |  | 480,271 |  |  |  | 480,271 |
Total cost |  |  | 601,472 |  |  |  | 621,697 |
Less: Accumulated depreciation |  |  | (41,961 | ) |  |  | (76,022 | )
Property and equipment, net |  |  | 559,511 |  |  |  | 545,675 |
| (1) | In 2017, the Group purchased two buildings in Wuhan (Building A and B) and one building in Guangzhou (Building C) with a total consideration of RMB480,271. RMB60,000 of the consideration was paid by a mortgage loan provided by a PRC bank in August 2018 (Note 12).
Depreciation expenses were RMB7,333, RMB24,930 and RMB36,250 for the years ended December 31, 2017, 2018 and 2019, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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